2014-11-14T11:59:00-06:00 2014-06-30 391173131 SCHENCK SC 712 RIVERFRONT DRIVE STE 301 SHEBOYGAN WI 53081 990 2013-07-01 390821861 LAKELAND COLLEGE LAKE 9205651336 PO BOX 359 SHEBOYGAN WI 530820359 CAROLE ROBERTSON VICE-PRESIDENT OF FINANCE, CFO 9205651336 2014-11-12 1 PHILIP S KLEMME CPA P01045375 9204580341 2013 2015-11-30 17:44:51Z CAROLE ROBERTSON PO BOX 359 SHEBOYGAN WI 530820359 50840312 0 X WWW.LAKELAND.EDU X 1862 WI LAKELAND COLLEGE PROVIDES EDUCATIONAL SERVICES TO UNDERGRADUATE AND GRADUATE STUDENTS IN SHEBOYGAN COUNTY, THROUGHOUT WISCONSIN AND ONLINE. THE FEES COLLECTED DIRECTLY RELATE TO THE PROVISIONS OF THOSE SERVICES ON A ONE-TO-ONE BASIS (I.E. THIS REVENUE IS COLLECTED FROM THE BENEFICIARIES OF THE SERVICE.) IN ADDITION, HOUSING AND MEAL SERVICES ARE PROVIDED TO THE STUDENTS ATTENDING CLASSES AT THE MAIN CAMPUS. LIVING IN THE CAMPUS COMMUNITY IS AN INTEGRAL PART OF THE TRADITIONAL 4 YEAR LIBERAL ARTS EDUCATION, WHICH LAKELAND COLLEGE PROVIDES IN ITS TRADITIONAL DAY-UNDERGRADUATE PROGRAM. 22 22 1409 50 73511 0 5097122 8022846 39281985 41949320 230405 404020 143340 230532 44752852 50606718 12613014 14569227 0 0 21480314 22765429 0 0 791576 11753543 13264868 45846871 50599524 -1094019 7194 41694132 40182982 24226300 22804562 17467832 17378420 X LAKELAND COLLEGE PROVIDES EDUCATIONAL SERVICES TO UNDERGRADUATE AND GRADUATE STUDENTS IN SHEBOYGAN COUNTY, THROUGHOUT WISCONSIN AND ONLINE. THE FEES COLLECTED DIRECTLY RELATE TO THE PROVISIONS OF THOSE SERVICES ON A ONE-TO-ONE BASIS (I.E. THIS REVENUE IS COLLECTED FROM THE BENEFICIARIES OF THE SERVICE.) IN ADDITION, HOUSING AND MEAL SERVICES ARE PROVIDED TO THE STUDENTS ATTENDING CLASSES AT THE MAIN CAMPUS. LIVING IN THE CAMPUS COMMUNITY IS AN INTEGRAL PART OF THE TRADITIONAL 4 YEAR LIBERAL ARTS EDUCATION, WHICH LAKELAND COLLEGE PROVIDES IN ITS TRADITIONAL DAY-UNDERGRADUATE PROGRAM. 0 0 19214133 14569227 36135834 ACADEMIC SUPPORT AND STUDENT SERVICES: INCLUDES PROVIDING OF FEDERAL, STATE AND OTHER OUTSIDE GRANTS AS WELL AS INSTITUTIONAL GRANTS 12654403 264591 INSTRUCTION AND RELATED ACTIVITIES: TO PROVIDE FACILITIES FOR HOLDING COURSES AND EDUCATIONAL COMMUNITY EVENTS. 5183024 5378078 AUXILIARY SERVICES: TO PROVIDE RESIDENTIAL AND FOOD SERVICES TO COLLEGE STUDENTS INCIDENTAL TO THEIR EDUCATION AND HOST VARIOUS EDUCATIONAL COMMUNITY EVENTS. 170817 OTHER PROGRAM SERVICES: TO PROVIDE OPERATIONAL AND MAINTENANCE SUPPORT OF THE PLANT FOR HOLDING COURSES AND EDUCATIONAL COMMUNITY EVENTS. 170817 37051560 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 134 0 1 1409 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X X CAROLE ROBERTSON 9205651336 PO BOX 359 SHEBOYGAN WI 530820359 DANIEL W ECK PRESIDENT/SECRETARY 50.00 X X 161581 0 35486 ROBERT T MELZER CHAIRPERSON 0.00 X X 0 0 0 PETER N REDDIN SR. VICE CHAIRPERSON 0.00 X X 0 0 0 MICHAEL BOGENSCHUETZ VICE CHAIRPERSON 0.00 X X 0 0 0 BARBARA S GANNON VICE CHAIRPERSON 0.00 X X 0 0 0 JOHN T MCFADDEN VICE CHAIRPERSON 0.00 X X 0 0 0 DAVID J MICHAEL VICE CHAIRPERSON 0.00 X X 0 0 0 JEFFREY M OTTUM EXECUTIVE COMMITTEE MEMBER 0.00 X X 0 0 0 WILLIAM C SHELDON RECORDING SECRETARY 0.00 X X 0 0 0 PETER F BEMIS FORMER CHAIRPERSON 0.00 X X 0 0 0 DEBRA A ANSAY TRUSTEE 0.00 X 0 0 0 RICHARD L ENSWEILER TRUSTEE 0.00 X 0 0 0 DORON M GREEN TRUSTEE 0.00 X 0 0 0 HAROLD E GRIES TRUSTEE 0.00 X 0 0 0 IRVIN KAAGE TRUSTEE 0.00 X 0 0 0 JEFFREY LAMMERS TRUSTEE 0.00 X 0 0 0 DAVID R PIERCE TRUSTEE 0.00 X 0 0 0 KATHIE POWERS TRUSTEE 0.00 X 0 0 0 CARLA E SALMON TRUSTEE 0.00 X 0 0 0 FREDRIC A SEEFELDT TRUSTEE 0.00 X 0 0 0 JEFFREY D SPENCE TRUSTEE 0.00 X 0 0 0 WAYMON V STEWART TRUSTEE 0.00 X 0 0 0 DEBORAH G WENTE TRUSTEE 0.00 X 0 0 0 MARGARET ALBRINCK VP ACADEMIC AFFAIRS 50.00 X X 130042 0 30677 NATHAN DEHNE VP ATHLETICS & WELLNESS 50.00 X X 114225 0 29696 ZACHARY VOELZ VP ENROLLMENT MANAGEMENT 50.00 X X 114950 0 17214 KENNETH STRMISKA VP ADVANCEMENT, INNOVATION & STRATEGY 50.00 X X 134509 0 22516 CAROLE ROBERTSON VP FINANCE & CHIEF FINANCIAL OFFICER 50.00 X X 29108 0 5645 MEHRABAN KHODAVANDI PROFESSOR 40.00 X 149259 0 30845 MATTHEW S NIEDERJOHN PROFESSOR 40.00 X 111863 0 28725 CHARLES R STOCKMAN PROFESSOR 40.00 X 112973 0 15474 JEFF ELZINGA PROFESSOR 40.00 X 100075 0 14713 MICHAEL GRANDILLO FORMER PRESIDENT 0.00 X 201493 0 17944 JOSEPH BOTANA FORMER VP FINANCE & CFO 0.00 X 117673 0 27887 1477751 0 276822 11 1 1 0 FOLLETT HIGHER EDUCATION GROUP 1818 SWIFT DRIVE OAK BROOK IL 605231576 CAMPUS BOOK SHOP 662890 LAMAR COMPANIES PO BOX 96030 BATON ROUGE LA 70896 ADVERTISING/MARKETING 457395 O&W COMMUNICATION 2040 NORTH AVE SHEBOYGAN WI 53083 TELEPHONE PROFESSIONAL SERVICES 349505 BLACKBOARD PO BOX 200154 PITTSBURGH PA 152510154 EDUCATION TECHNOLOGY 333900 WAICU ETC 122 W WASHINGTON AVENUE SUITE 700 MADISON WI 537032723 EDUCATION TECHNOLOGY 275361 27 66380 567000 6231077 1158389 8022846 EDUCATION, TUITION AND FEES 611600 36135834 36135834 AUXILIARY SERVICES 611600 5378078 5378078 INSTRUCTION ACTIVITIES 611600 264591 264591 OTHER PROGRAM REVENUE 611710 170817 170817 41949320 380921 380921 48389 25290 23099 23099 23099 365325 66380 208304 157021 157021 UNRELATED BUSINESS INCOME 900099 73511 73511 73511 50606718 41949320 73511 561041 14569227 14569227 1477751 718437 624805 134509 15825402 7428576 8141739 255087 724667 417754 279381 27532 4737609 3671795 947230 118584 99310 99310 57810 57810 47506 47506 629662 355069 256379 18214 1095588 1074476 21012 100 1327501 812937 434215 80349 833564 688590 143204 1770 1637063 1564144 72919 844553 718631 91995 33927 106348 94738 11610 559847 559847 2328507 1518709 809798 236125 142822 93303 COST OF AUXILIARY SERVI 1200302 1200302 MISCELLANEOUS 895069 585872 248261 60936 MAINTENANCE & REPAIRS 497324 303466 193858 COMMUNITY SERVICE 443403 383960 59443 425386 242208 182053 1125 50599524 37051560 12756388 791576 2907253 2230480 629771 252608 1383405 1586515 858908 408937 67364 79344 492923 545025 59418038 31348432 27648746 28069606 7423583 6877317 282179 133150 41694132 40182982 2881305 2390432 386345 363454 2983530 3071825 14250000 13575000 185147 260842 3539973 3143009 24226300 22804562 X 15758704 16127697 1658162 1196603 50966 54120 17467832 17378420 41694132 40182982 X 7194 -73666 -22940 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189428 X X 0 13065976 281063 1838522 567000 0 -2796 14621357 11793306 783339 998221 506050 0 2840 13065976 11466322 687911 174831 512411 0 23347 11793306 9956017 379356 1653345 511190 0 11206 11466322 8947549 389877 1164565 537803 0 8171 9956017 0 1 1 1698324 1698324 38717390 19686914 19030476 594253 390427 203826 5111210 4729726 381484 13296861 6541365 6755496 28069606 OTHER EQUITY INDEX FUNDS 6877317 F 6877317 POST RETIREMENT 1256789 ASSETS RETIREMENT OBLIGATION 488873 INTEREST RATE EXCHANGE AGREEMENTS 545827 ANNUITY OBLIGATIONS 334589 STUDENT DEPOSITS 220572 AGENCY FUNDS 296359 3143009 X 35756537 -96606 -96606 35853143 14753575 14753575 50606718 35845949 0 35845949 14753575 14753575 50599524 PART III, LINE 4: WORKS OF ART ARE INCLUDED WITH THE COLLEGE'S ASSETS, AND ON DISPLAY ON CAMPUS FOR PUBLIC VIEWING. PART X, LINE 2: POST RETIREMENT - LAKELAND COLLEGE ACCOUNTS FOR POST RETIREMENT BENEFITS THROUGH THE USE OF AN OUTSIDE ACTUARIAL FIRM. THESE AMOUNTS ARE ACCRUED FOR ON AN ANNUAL BASIS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -22,940. UNREALIZED LOSS -73,666. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS REPORTED AGAINST TUITION PER F/S 14,569,227. PROGRAM REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS 184,348. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS REPORTED AGAINST TUITION PER F/S 14,569,227. PROGRAM REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS 184,348. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ALL APPLICATIONS AND ADVERTISING CONTAIN STATEMENTS AS TO THE NONDISCRIMINATORY POLICY OF THE COLLEGE. 1 SUB-SAHARAN AFRICA - MALAWI 0 0 GRANTS AND SCHOLARSHIPS AID US MALAWI PROGRAM - EDUCATE STUDENTS SELECTED BY AGENCY FOR INTERNATIONAL DEVELOPMENT (AID) TO FULLFILL A MASTERS OF EDUCATION DEGREE WITH AN EMPHASIS IN EARLY GRADE READING AND INSTRUCTION. 64210 SUB-SAHARAN AFRICA - GHANA, KENYA, UGANDA 0 0 GRANTS AND SCHOLARSHIPS ZAWADI AFRICA EDUCATION FUND - SPONSORSHIP OF 4 STUDENTS FOR THEIR EDUCATION, BOOKS AND LIVING EXPENSES FOR 4 YEARS TO GRADUATION. 145422 SUB-SAHARAN AFRICA - MALAWI 0 0 GRANTS AID US MALAWI PROGRAM - LAKELAND ALSO PROVIDES FUNDING TO HELP THE MALAWI MINISTRY OF EDUCATION AND LAKELAND'S PROGRAM GRADUATES TO BUILD RURAL SCHOOLS AND OTHER NEEDS. 11260 0 0 0 0 0 0 220892 0 220892 SCHOLARSHIPS FOR GRADUATE STUDENTS SUB SAHARAN AFRICA - MALAWI 10 64210 GRANTS AND SCHOLARSHIPS SCHOLARSHIP SUB-SAHARAN AFRICA - GHANA, KENYA, UGANDA 4 145422 GRANTS AND SCHOLARSHIPS FMV CASH SUB SAHARAN AFRICA - MALAWI 2 11260 WIRE TRANSFER 0 0 0 0 0 0 GALA EVENT 362005 66380 295625 1000 45823 18147 47000 60180 BLASTERS GOLF TOURNAMENT 69700 69700 765 23413 3663 8313 431705 66380 365325 1765 69236 21810 47000 68493 208304 157021 1 FEDERAL GRANTS 1012 3061354 CASH PROVIDED TO RECIPIENTS FEDERAL WORK STUDY 457 1056400 CASH PROVIDED TO RECIPIENTS INSTITUTIONAL GRANTS 863 8530869 CASH PROVIDED TO RECIPIENTS OUTSIDE GRANTS 250 781712 CASH PROVIDED TO RECIPIENTS STATE GRANTS 414 1138892 CASH PROVIDED TO RECIPIENTS PART I, LINE 2: ALL GRANTS ARE DISBURSED TO THE STUDENTS ACCOUNTS DIRECTLY, ACCORDING TO GOVERNMENT REGULATIONS. X X 1 1 X X X 1 0 0 0 0 0 0 0 0 DANIEL W ECK PRESIDENT/SECRETARY 161581 0 0 0 0 0 0 0 0 0 161581 0 0 0 MICHAEL GRANDILLO FORMER PRESIDENT 201493 0 0 0 0 0 0 0 0 0 201493 0 0 0 JOSEPH BOTANA FORMER VP FINANCE & CFO 117673 0 0 0 0 0 0 0 0 0 117673 0 0 0 PART I, LINE 1A THE PRESIDENT'S COMPENSATION MAY OR MAY NOT INCLUDE ITEMS SUCH AS HOUSING, CLUB DUES AND VEHICLE EXPENSES. THE FORMER OFFICERS' COMPENSATION MAY OR MAY NOT INCLUDE ITEMS SUCH AS HOUSING, CLUB DUES AND VEHICLE EXPENSES. A WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY 391337855 2013-10-10 10000000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 B WISCONSIN HEALTH & EDUCATIONAL FACILITIES AUTHORITY - REFINANCE 391337855 2013-10-23 4250000 REFINANCE OF THE 2010 BONDS FOR CONSTRUCTION OF FACILITIES 0 0 0 A 10000000 44892 10000000 2010 1 0 1 1 B 4250000 4250000 2010 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 1 1 M&I BANK 5.000000000000 0 0 0 0 0 B 0 0 0 1 1 1 M&I BANK 5.000000000000 0 0 0 0 0 A 1 B 1 ROHDE DALES LLC TRUSTEE IS PARTNER IN ENTITY PROVIDING LEGAL SERVICES 21261 LEGAL SERVICES 0 FORM 990, PART VI, SECTION A, LINE 2 A BOARD MEMBER IS ALSO A TRUSTEE FOR ANOTHER BOARD MEMBER'S FOUNDATION FORM 990, PART VI, SECTION B, LINE 11 MEMBERS OF THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE OF THE TRUSTEES REVIEW THE 990 AND MAKE IT AVAILABLE TO THE ENTIRE BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE PRESIDENT AND VICE-PRESIDENT OF FINANCE/CFO OF THE COLLEGE REVIEWS ALL CONFLICT OF INTEREST POLICIES FROM TRUSTEES AND KEY EMPLOYEES, AND PASSES ANY ITEMS THAT ARE OF CONCERN TO THE AUDIT COMMITTEE FORM 990, PART VI, SECTION B, LINE 15 THE COLLEGE'S HUMAN RESOURCE DIRECTOR PROVIDES THE CHAIRMAN OF THE BOARD COMPARATIVE DATA, COLLEGE'S POLICY AND RECOMMENDATIONS. THE CHAIRMAN REVIEWS AND DISCUSSES WITH THE EXECUTIVE COUNCIL IF NECESSARY AND APPROVES THE EMPLOYEES' WAGES. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGE'S 990 AND OTHER POLICIES ARE AVAILABLE UPON REQUEST FROM THE VICE PRESIDENT OF FINANCE, ON THE COLLEGE'S WEBSITES AND FOR PUBLIC VIEWING THROUGH GUIDESTAR. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE -22,940. FORM 990, PAGE 12, PART XII, LINE 2C A COMMITEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. LAKELAND COLLEGE FOUNDATION PO BOX 359 SHEBOYGAN WI 530820359 391655132 TO PROVIDE SCHOLARSHIPS TO LAKELAND COLLEGE STUDENTS WI 501(C)(3) LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LAKELAND COLLEGE FOUNDATION INC C 567000 CASH